TransAct Technologies Incorporated Stock Forecast
Red day on Monday for TransAct Technologies Incorporated
(Updated on May 06, 2024)
The TransAct Technologies Incorporated stock price fell by -0.579% on the last day (Monday, 6th May 2024) from $5.18 to $5.15. During the last trading day the stock fluctuated 6.12% from a day low at $5.15 to a day high of $5.47. The price has risen in 5 of the last 10 days and is up by 7.07% over the past 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 thousand shares were bought and sold for approximately $98.82 thousand.
Given the current short-term trend, the stock is expected to fall -38.63% during the next 3 months and, with a 90% probability hold a price between $2.50 and $3.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TACT Signals & Forecast
The TransAct Technologies Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.13 and $5.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 13.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. TransAct Technologies Incorporated gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TransAct Technologies Incorporated stock
TransAct Technologies Incorporated finds support from accumulated volume at $5.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.315 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: $5.00 (-2.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (TACT) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TransAct Technologies Incorporated to open at $5.26, and during the day (based on 14 day Average True Range), to move between $4.92 and $5.38, which gives a possible trading interval of +/-$0.227 (+/-4.41%) up or down from last closing price. If TransAct Technologies Incorporated takes out the full calculated possible swing range there will be an estimated 8.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.05 (1.94%) than the resistance at $5.30 (2.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TransAct Technologies Incorporated will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for TransAct Technologies Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.84% in the first trading day after earnings release.
Is TransAct Technologies Incorporated stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.244 Buy Candidate Unchanged
Predicted Opening Price for TransAct Technologies Incorporated of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$5.26 ( 2.04%) | $5.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TACT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.57 | 8.16 % | |
R2 | 5.45 | 5.82 % | ||
R1 | 5.38 | 4.38 % | ||
Current price: | 5.15 | |||
Support | S1 | 5.13 | -0.298 % | |
S2 | 5.06 | -1.74 % | ||
S3 | 4.94 | -4.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.88 | 14.17 % | |
R2 | 5.35 | 3.88 % | ||
R1 | 5.30 | 2.91 % | ||
Current price | 5.15 | |||
Support | S1 | 5.05 | -1.94% | |
S2 | 4.90 | -4.85% | ||
S3 | 4.73 | -8.16% |
TACT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 31, 2019 | Nov 19, 2019 | Dec 16, 2019 | $0.0900 | 0.82% |
2 | Aug 02, 2019 | Aug 19, 2019 | Sep 16, 2019 | $0.0900 | 0.771% |
3 | May 01, 2019 | May 17, 2019 | Jun 14, 2019 | $0.0900 | 0.84% |
4 | Feb 14, 2019 | Feb 19, 2019 | Mar 15, 2019 | $0.0900 | 1.03% |
5 | Nov 05, 2018 | Nov 19, 2018 | Dec 14, 2018 | $0.0900 | 0.98% |
FAQ
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